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Group term life sales remained flat in 2010

Total Group Term Life inforce premium grew by 2 percent in 2010, totaling over $20.3 billion, results from the 2010 U.S. Group Life Market Survey and the 2010 U.S. Group Disability Market Survey showed.

By Kathryn Mayer | Updated on May 01, 2011

Total Group Term Life inforce premium grew by 2 percent in 2010, totaling over $20.3 billion, results from the 2010 U.S. Group Life Market Survey and the 2010 U.S. Group Disability Market Survey showed. Combined short-term disability and long-term disability inforce premium rose slightly, by roughly 1 percent, totaling close to $13.2 billion.

STD inforce premium increased by 4 percent while LTD inforce premium remained level year-over-year. Compared to 2009, the total number of employers offering coverage declined by approximately 1 percent for Group Term Life, and increased by 1 percent for LTD and STD. The total number of insured employees was up close to 1 percent for Group Term Life, remained level for LTD and increased by 3 percent for STD. Group Term Life sales remained flat in 2010, at $2.3 billion.

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